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May 9, 2025

Law Enforcement Seizes $38M from ZachXBT’s Instant Market eXch

Authorities in Germany conducted a significant operation, resulting in the seizure of servers and crypto wallets belonging to the eXch market operator ZachXBT. This operation targeted funds suspected to be laundered from various exploits. The market operator had previously refused to cooperate with Bybit regarding asset recovery efforts. This unfolding situation raises questions about regulatory oversight and security in the crypto landscape. For continual updates on this important story, check out Entreprenerdly.com.

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